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Twenty Seven Co Ltd

Twenty Seven Company expedites exploration on Rover gold target near Sandstone

The company’s Rover project is in an underexplored area which is undergoing a resurgence in exploration.

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The Rover project is around 70 kilometres southeast of Sandstone

Twenty Seven Company Ltd (ASX:TSC) has expedited exploration on a 12-kilometre prospective gold strike within the Rover Gold Project near the Sandstone belt in WA’s goldfields.

The company’s primary focus for the project is gold, followed by nickel and copper, in two extensive Archean greenstone belts that span the length of the tenure.

CEO Ian Warland said: “With the fundamentals for the gold sector remaining robust, we decided to bring forward the Rover project visit and accelerate the exploration program."

Fieldwork recently undertaken has comprised a portion of the 12-kilometre gold strike extending south of Creasy 1 to Creasy 2.

Creasy 1, which is within the recently acquired area that is still under application, contains historical gold intersections of up to 6 metres at 1.37 g/t from 18 metres and 3 metres at 1.94 g/t from 53 metres.

Gold anomalies in historic soil samples

All fieldwork carried out by the geology team comprised mapping, infill soil and rock chip sampling designed to identify the most prospective areas along the mineralised shear zone for test drilling.

Extensive outcropping banded iron formation (BIF) potentially coincides with gold anomalies in historic regional soil samples.

Consequently, the geology team collected several gossanous BIF samples which have been submitted to the laboratory for analysis.

In addition, shallow unrecorded historic workings were located in laminated BIF – along strike from anomalous gold in soil samples to the south.

Selected rock chip samples were collected from the old workings which contained gossanous-looking BIF with minor quartz veining.

Next steps

Follow-up analysis of surface geochemical and anomalous gold results between Creasy 1 and Creasy 2 will aid formulating priority areas for drill testing.

Warland said: "At site, the geology team focused on priority gold targets along the 12-kilometre prospective gold strike between the Creasy 1 and 2 prospects which could potentially be defined for drill testing.

"Encouragingly, the Rover project delivers material exploration upside, as we have identified a large prospective corridor, with significant scale potential, that has remained under-explored over the past 15 years.”

Quick facts: Twenty Seven Co Ltd

Price: $0.01

Market: ASX
Market Cap: $5 m
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